Arizona State University: Can Limited Property Value exceed Full Cash Value?
DIRECT ANSWER
Source guidance recorded on 2026-10-15. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts.
The assessor states that LPV cannot exceed FCV; the two values can change independently.
Sources & verification
- www.mcassessor.maricopa.gov source-backed-recovered-record
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